Paragraph 3

Transactions carried out by the guarantee fund comprise : Revenue : a) Proceeds from the contributions provided for in articles L. 421-4-1, L. 421-6-1, L. 421-8, L. 421-10 and L. 421-10-1 ; b) Recoveries from compensation debtors; c) Income from investments and interest paid on current account funds; d) Repayments and realisations of securities and real estate; e) Any other resources that may be allocated to the guarantee fund. Expenditure…

The guarantee fund may use the excess of its resources over its current expenditure to acquire the financial instruments referred to in article L. 211-1 of the Monetary and Financial Code and real estate assets. It invests all of its assets in accordance with the “prudent person” principle referred to in article L. 353-1 of this code. In this respect, the guarantee fund is subject to the obligations imposed on…